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Tron [TRX] prepares for tougher battles as DApp weekly report gives complete details

Akash Anand

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Tron [TRX] prepares for tougher battles as DApp weekly report gives complete details
Source: Unsplash

The cryptocurrency market’s volatile behavior has only been matched by the sheer number of updates and developments from different rosters, with Tron [TRX] being a stellar example. The latest Tron DApp Weekly report released by the Tron Foundation talks about multiple steps taken by the organization to propagate the cryptocurrency as well the industry as a whole.

The Justin Sun led company has mentioned that the final report before the auspicious Chinese Lunar New year aims to inform users about the DApp developments as well as the later steps the company plans to take. The report states that the number of Tron’s Dapps has increased from 0 to 180. According to statistics, a total of 7 DApp Stores have set up dedicated sections for Tron Dapps and these stores are Tron.dapp, DappRadar, Dappreiew, Spidersotre,dap.com, midu.store and Dapp.bird. It further detailed that:

“…on DappRadar, 30 DApps from Tron and EOS topped the DAU chart and none of Ethereum’s DApps made it to the top 30. In terms of DApp trading volume, through Tron tied with EOS in the recent month, the trading volume of Tron’s DApps reached its peak on January 16 and the number was 328% that of EOS on the same day.”

In terms of the UX developed by Tron, the Foundation has said that the upcoming DApp will be called TRONCRAFT, a FOMO game with the release date stipulated to be January 30. Details from the report create a picture of benefits being given to users who jump on the TRONCRAFT bandwagon first.



Another update pointed out by Tron is the DApp Cooperation, mainly the Tron Candy Box which is a collaboration project of Prochain and Tron. The Tron Candy Box which was launched this week is developed by Prochain based on the Tron MainNet, a DApp that allows users to receive a variety of Tron candies for free.

Tron was also in the news recently when it was announced that 5000 BitTorrent tokens had been through a successful airdrop to users. Justin Sun had tweeted:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Altcoins

EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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